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Canadian Apartment Properties
Symbol: CAR.UN-T
Active: Y
Sector: investment companies/funds
Last Price: 16.740
Last Price Date: 2008-08-28 01:09:02
Globe 200 day average

Experts that have talked about Canadian Apartment Properties

HOLD15.210Charles DillinghamApartments, condos, etc. in Ontario. This one has had more diversity of opinions by people who know the business well. He thinks they're okay. They have been buying back stock. Apartments are long-term big winners overall. 7% yield.2008-02-14
HOLD15.580Gail MifsudTheir concentration in Ontario has not served them well with the flight of Congo/apartment dwellers to home ownership.2008-02-01
Comment14.300Dennis Mitchell, CFALarge apartment buildings, mainly in Toronto and Montreal. Good management. Very cheap at these levels. Acquiring at a very large discount to NAV but will sell when it comes back. Treating it as a trade.2008-01-14
DON'T BUY16.030Paul Gardner, CFAFocused exclusively in the greater Toronto area. Vacancy rates, rent controls and condominium competition have created problems. Prefers Boardwalk (BEI.UN-T), which has 50% of their apartments in Alberta.2007-12-28
BUY16.900Michele Robitaille(Market Call Minute.) One of the most defensive names in the residential sector. The metrics in the Toronto market are starting to improve.2007-11-28
Comment19.390Paul Gardner, CFAA lot of their portfolios are in the greater Toronto area and are still dealing with vacancy rates that are too high so they can’t increase rental rates.2007-10-03
BUY17.540Dennis Mitchell, CFABiggest exposure is to Montreal and Toronto. Starting to see a little bit of rental increase. Still spending $20 million to $40 million a year repositioning properties from a company they acquired a long time ago. In the long-term, this may be one you want to own because they assets are enduring and the locations are core.2007-08-16
WEAK BUY18.950Charles DillinghamOne of the bigger apartment complexes in REITs. Basically in Toronto with some holdings in Montreal. Very hard for Ontario apartments to keep their spreads. This one has held up its yield. Long-term, it's a good place to be. Concerned about Ontario economy.2007-07-23
Comment20.870Dennis Mitchell, CFAMulti-residential. Focused on high-rise properties. Primarily Toronto and Montreal. Ontario rent controls is a problem. Acquisition requires expensive upgrading to their standards. 1st class management team. Fundamentals in TO and Montreal are improving.2007-04-03
TOP PICK18.600Charles DillinghamThe apartment market in Toronto has been extremely soft. The major concern was whether they could keep their margins. Feels the apartment market is improving.2007-01-12
WATCH18.580Charles Dillingham125% payout and has surprised him how well it has done. Lots of problems. Very likely at some point, it will break a bit, and when it does will be an interesting Buy. The whole “apartment concept” is a good one long-term.2006-12-08
DON'T BUY18.580Gail MifsudHas a “Market Perform” on it. Have had to deal with a strong housing market that pulled people to home ownership. Has hurt occupancy rates. Year to date performance was better than she expected, however, she is expecting a decline in cash flow. Payout ratio is over 100%.2006-12-08
WEAK BUY19.140Rob CallanderSome of the REITs he likes includes Riocan (REI.UN-T) and Canadian Apartment (CAR.UN-T). The problem is, they are well recognized, and are mature part of the trust market so the yields are fairly low. A lot of the easy money has been made.2006-10-23
BUY16.370Leslie LundquistAn apartment landlord. Likes this one. Good management.2006-05-17
WEAK BUY15.600Charles DillinghamAll of the dynamics of apartment markets have been getting better. This one had investor concerns because of an expensive acquisition a few years ago, but they are working their way through that. This has an older portfolio, so there is a question if they are doing enough at the moment to keep their buildings in good shape.2005-12-16
WATCH14.650Charles DillinghamA very interesting story. Good yield. Have a lot of things working for them. Occupancy rate has gone up to 98%. There is some concern that they haven't been doing enough capital expenditures and have had to give up quite a bit of income to get the occupancy. Apartment scene in Toronto looks good.2005-10-31
BUY14.900Gail MifsudRelatively undervalued versus the commercial REIT's.2005-01-21
TOP PICK13.950Charles DillinghamHas been beaten down. A contrarian play. Have the advantage of CMHC financing. Gradually cleaning up bits and pieces from the merger.2004-10-08
BUY12.630Dean OrricoLoves this part of the market. Totally out of favor at the moment. About to merge with Residential REIT. 9% yield.2004-05-26
DON'T BUY13.500Ben ChengHas been dropping because of rising interest rates on bonds.2002-04-16
BUY14.370Michael SmedleyHas good distributions.2001-12-24
WEAK BUY14.300Ben ChengVery stable for short term investment. Won't have much capital gain.2001-12-03
BUY13.880Bill ShawYield is about 6/7%.2001-11-02

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